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Marcum LLP
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Construction

Marcum LLP Construction Services Group
 

Marcum LLP's Construction Services Group is dedicated to assisting contractors with personalized and attentive service, strong technical expertise, and uncompromising integrity. Regulations related to the construction industry can be complex, making compliance with these laws an ongoing challenge.

Marcum is committed to the growth and success of its clients by providing strategic and timely accounting, consulting, and taxation services designed to help build a more profitable and valuable construction enterprise. In addition, we offer computer network implementation and security and executive planning.

Companies involved in long-term contracting face a world of intricate challenges, issues and obstacles in today's changing economy. There is a critical need for these companies to engage professionals that understand contract accounting and the elements of a construction project. Our contracting experts can help you anticipate major issues and understand the industry specific needs that construction companies face.

Our National Construction Industry Services group members are called upon to testify as experts in their field, are frequent contributors to professional trade publications and are sought after speakers on topics concerning long-term contract accounting by the AICPA and other organizations.

Among the country's foremost experts on accounting, tax and business issues in construction, Marcum's Partners and Directors are technical reviewers of the AICPA Audit Risk Alert, Construction Contractors Industry Developments, and the AICPA Audit and Accounting Guide for Construction Contractors.

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Upcoming Events

Marcum Midwest Construction Summit

March 8, 2018

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Marcum New England Construction Summit

September 25, 2018

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Marcum Tennessee Construction Summit

October 1, 2018

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Scope of Services

Marcum LLP is a premier provider of full service accounting, tax and consulting services to the construction industry. Our clients range from small contractors to billion dollar international construction organizations. Our client base gives us the breadth and depth of construction experience to effectively and efficiently develop the strategies needed to meet your requirements.

Construction Industry Accounting & Auditing Services

  • Audits, reviews & compilations of financial statements of public & private companies.
  • SSAE 16 audits.
  • Internal audits.
  • Pension & benefit plan review & audits (ERISA).
  • Financial forecasts & projections.
  • Internal controls review & design.
  • Due diligence on acquisitions/divestitures.
  • Custom assurance services.
  • Mergers & acquisitions.
  • Operational auditing.
  • Accounting outsourcing.
  • Monitoring.

Construction Industry Tax Services

  • Tax deferral maximization through contract element review.
  • Long-term construction contracts.
  • Alternative minimum tax planning.
  • Look-back planning & compliance.
  • Cost allocation.
  • Federal, state & local tax planning.
  • Estate & succession planning.
  • IRS examination assistance.
  • Tax preparation for owners & businesses.
  • Tax compliance and planning.
  • Planning for long term contract tax regulations.
  • Evaluation of the various options for reporting taxable income on construction contracts.
  • Cost segregation studies and related services.
  • Multi-state tax consulting and return preparation.
  • Minimization of company sales and use tax obligations.
  • Consulting services.
  • Financial analysis.
  • Job-costing management systems.
  • Cost control report analysis.
  • Maximizing a company's bonding capacity.
  • Controlling costs and establishing internal controls.
  • Establishing and monitoring job costs procedures.

Construction Industry Consulting Services

  • Surety credit & bank financing assistance.
  • Valuation services.
  • Business acquisition and sale.
  • Forensic accounting.
  • Fraud investigations.
  • Litigation support/expert testimony.
  • Claims consulting.
  • Strategic planning & profit enhancement.

Construction Fund Management Services

  • Accounting and administration.
  • Opening and maintaining bank accounts.
  • Setting up client access to accounts.
  • Reviewing proof of claims and determining correct payments.
  • Looking beyond the payment required.
  • Writing and processing checks with signatures.
  • Identification of fraudulent and preferential transfers and payments.
  • Returning undistributed funds.
  • Accounting and internal control assessment.
  • Performing monthly bank reconciliations.
  • Fraud investigation.
  • Escrow agent.
  • Paying agent.

Surety Bond Investigations

  • Financial analysis of principal.
  • Claims evaluation/administration.
  • Indemnity investigations/sources of recovery.
  • Monitoring project progress/cost estimates.
  • Litigation support/principal tax issues.
  • Administration of trust/escrow accounts.
  • Cash flow analysis.
  • Underwriting support.
 
 

Newsletter

JOLTS Survey Analysis

SURVEY ANALYSIS

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We also service various sub-contractors and specialty trades.

  • Airport, bridge & highway contractors.
  • Carpentry.
  • Casino builders.
  • Cesspools and drainage.
  • Colleges & universities.
  • Concrete.
  • Dry wall.
  • Painting.
  • Plastering.
  • Plumbing.
  • Recycling.
  • Tree services.
  • Tunnel construction.
  • Underwater construction.
  • Waterproofing.
  • Electric & gas utilities.
  • Environmental remediation.
  • Heating, ventilation, & air conditioning.
  • Landscaping.
  • Mechanical and heavy highway.
  • Masonry.
 

We serve clients in:

  • Commercial construction.
  • Design build construction.
  • Road & heavy construction.
  • Residential construction.
  • Suppliers for contractors.
  • Sub-Contractors.
  • Specialty Contractors, including:
    • HVAC.
    • Electrical.
    • Glazing.
    • Steel erectors.
    • Painting.

Related News

CFMA Building Profits published an article from Marcum’s Construction group discussing best practices for managing the contract claim procedure.


As Seen In

CFMA Building Profits published an article from Marcum’s Construction group discussing best practices for managing the contract claim procedure.

Before pursuing a claim, contractors should seek guidance from experienced construction attorneys, as many factors - from the contract itself, to whether the contract owner ....

Tennessee Road Builder published an article by Senior Accountant Dillon Scott, discussing special tax planning considerations for construction contractors.


As Seen In

Tennessee Road Builder published an article by Senior Accountant Dillon Scott, discussing special tax planning considerations for construction contractors.

Contractors have it rough. It's a competitive, low-margin business; good help is hard to find and keep; and financial strength can swing from one extreme ....

Marcum Commercial Construction Index Reports Spending Declines in Many Nonresidential Construction Categories Despite National Economic Recovery


Press Release

Marcum Commercial Construction Index Reports Spending Declines in Many Nonresidential Construction Categories Despite National Economic Recovery

Nonresidential construction spending between September 2016 and September 2017 weakened by nearly 3 percent, with a number of market segments recording double-digit declines, according to ....

Construction Accounting & Taxation published the final article of the year from Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu, on the need for more apprenticeship programs in the construction industry.


As Seen In

Construction Accounting & Taxation published the final article of the year from Construction Leader Joseph Natarelli and Chief Construction Economist Anirban Basu, on the need for more apprenticeship programs in the construction industry.

By now, the refrain is quite common. Construction firms cannot secure enough skilled craftspeople, resulting in rising compensation costs, postponed retirements, slower construction, frustrated clients, ....

Construction Accounting & Taxation published an article by Assurance Partner Robert Mercado and Director James Miller, about the new revenue recognition standards for engineering and construction entities.


As Seen In

Construction Accounting & Taxation published an article by Assurance Partner Robert Mercado and Director James Miller, about the new revenue recognition standards for engineering and construction entities.

The accounting world is beginning to change how entities globally recognize revenue. Federal Accounting Standards Board Accounting Standards Codification 606, Revenue from Contracts with Customers ....

Construction Executive's Managing Your Business published an article by Tax Partner James Lundy about the critical importance for construction contractors to undertake annual tax planning.


As Seen In

Construction Executive's Managing Your Business published an article by Tax Partner James Lundy about the critical importance for construction contractors to undertake annual tax planning.

More than almost any other industry, construction contractors need to spend time and resources planning for their income taxes before the end of their fiscal ....

Construction Contract Payments: Internet Website Posting


Construction

Construction Contract Payments: Internet Website Posting

California Gov. Jerry Brown signed AB 1223, "Construction Contract Payments: Internet Website Posting," on October 8, 2017.

GlobeSt.com quoted California Construction Leader Warren Hennagin about the viability of public-private partnerships as a financing option for a rebuild of the national infrastructure.


As Seen In

GlobeSt.com quoted California Construction Leader Warren Hennagin about the viability of public-private partnerships as a financing option for a rebuild of the national infrastructure.

A few weeks ago President Donald Trump told lawmakers he had changed his mind about the structure of his $1 trillion infrastructure investment plan. Previously ....

Construction Leader Joseph Natarelli and Chief Economist Anirban Basu wrote about the economic implications of hurricanes and other natural disasters for the Sept./Oct. issue of Construction Accounting & Taxation.


As Seen In

Construction Leader Joseph Natarelli and Chief Economist Anirban Basu wrote about the economic implications of hurricanes and other natural disasters for the Sept./Oct. issue of Construction Accounting & Taxation.

Adding to the irony, these disasters supply communities with opportunities to rebuild in ways that dramatically improve the quality and capability of their respective built ....

The Sun Sentinel quoted Regional Managing Partner Michael Balter about the anticipated demand for construction workers in the aftermath of Hurricanes Harvey and Irma.


As Seen In

The Sun Sentinel quoted Regional Managing Partner Michael Balter about the anticipated demand for construction workers in the aftermath of Hurricanes Harvey and Irma.

South Floridas economy is being pumped up by new construction, but those projects could slow as the industry finds it cant hire the skilled workers ....

Construction Executive's Managing Your Business published an article by Partner Barry Fischman and Principal Michael D'Addio about income recognition for construction contractors.


As Seen In

Construction Executive's Managing Your Business published an article by Partner Barry Fischman and Principal Michael D'Addio about income recognition for construction contractors.

The 9th Circuit Courts review of how construction contractors should recognize income had a somewhat surprising outcome. The key question being considered was: When should ....

Marcum Commercial Construction Index Reports 2nd Quarter Spending Increase in Commercial and Office Construction


Press Release

Marcum Commercial Construction Index Reports 2nd Quarter Spending Increase in Commercial and Office Construction

Commercial construction spending in the second quarter of 2017 increased 13 percent from the same period last year and office construction rose 11 percent, according ....

Construction Brochure

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Contacts

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Joseph Natarelli, Construction Services Leader, Assurance

Construction Services Leader
Assurance
New Haven, CT




 
 
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ABOUT MARCUM LLP

Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as Grand Cayman, China and Ireland.

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